Dean Thompson
Cell:250-898-4777
Office:250-339-2021
Toll Free:888-829-7205

Comox Valley & Campbell River Real Estate ~ April 2021 Results

Prices soared to record heights again in April. While more inventory came online, it did not significantly increase supply as Buyers remain quick to purchase homes coming to market.  


April 2021 results by numbers:

  • In the Comox Valley, the average sell price of a detached home in April 2021 was $783,458; this is a 37% increase from last year.   

  • Campbell River reported an average sell price of $723,459 in April for a detached home...this is a whopping 57% increase from a year ago!

  • Residential listings in the Comox Valley are down more than 60%, compared with last year at this time.  

  • Currently, it takes an average of only 17 days for a residential home to sell.

  • There was a total of 105 sales of detached homes in the Comox Valley in April. This is a 209% increase from April 2020 results, when COVID-19 lockdowns were in full effect.

For detailed information, visit Comox Valley Real Estate Statistics or contact me directly. 


********************************************************************************************
          2021 Commercial Building Awards - Vancouver Island Real Estate Board
          ****************************************************************************************************

          OSFI proposes stress test changes to help curb hot market

          April 7, 2021 - The proposal from the Office of the Superintendent of Financial Institutions would set the qualifying rate for uninsured mortgages at the contracted rate, plus two percentage points or 5.25%, whichever is higher. That’s a change from the current rules of the bank rate plus two percentage points or the Bank of Canada’s five-year benchmark rate, which currently sits at 4.79%. 

          These changes, if adopted, will go into effect on June 1, 2021.


          For more information, click here


          ****************************************************************************************************************

          MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.